Home / Knowledge / News / Apparel/Garments / Brandix to develop export-oriented city in Vizag
Brandix to develop export-oriented city in Vizag
24
Jan '06
Brandix Lanka Limited, based in Sri Lanka, has been allocated 1,000 acres of land near Visakhapatnam by Andhra Pradesh government to develop export-oriented apparel city.

The company is in hurry and does not appear to wait till all the infrastructure facilities at the proposed site were in place.

It has also acquired more than 50,000-square feet of constructed space in Vizag SEZ besides forming a Special Purpose Vehicle (SPV) with a Rs50-crore corpus, officials informed.

The proposed SEZ will be shared by Brandix Lanka and government with 76 and 24 percent equity, respectively.

About 60000 jobs are likely to be generated by this export-oriented apparel city.

Brandix is said to involve 15 other global companies with 100 percent foreign direct investment.

It should be mentioned here that Brandix Lanka Chief Executive Ashroff Omar signed an MoU in July 2005 with the state industries department to develop a garment city in Atchyuthapuram mandal in Visakhapatnam district.


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search